Demonetisation: Venezuela cash crisis leads to loot, protests
Desperate Venezuelans looted delivery trucks and clashed with police Friday as a botched plan to introduce new banknotes left people without cash -- the latest shortage in a spiraling economic crisis.
Dec 17, 2016, 10:10 AM IST
Venezuela hikes gasoline price for first time in 20 years
Venezuela`s President Nicolas Maduro Wednesday ramped up gasoline prices for the first time in two decades, from $0.01 to $0.60 per liter, and devalued the bolivar currency in a bid to salvage the economy from crisis.
Feb 18, 2016, 10:09 AM IST
Venezuela imposes gasoline hike, currency devaluation
Venezuela`s President Nicolas Maduro said Wednesday he would raise the price of gasoline and devalue the bolivar currency, as he faced growing pressure to ease an economic crisis.
Feb 18, 2016, 06:34 AM IST
